Expert Appraisal Reviews with Saxton Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules, contact Saxton Appraisals, Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Saxton Appraisals, Inc. today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should signify whether the appraisal or evaluation report is consistent with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or higher-value dealings as a means to aid in uncovering valuation concerns."
In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Saxton Appraisals, Inc., we're qualified in every type of appraisal review, review procedure and the requirements of review appraisers.
We are aware of what the greatest defects are, particularly in our home market. We also know what constitutes a quality appraisal. The professionals at Saxton Appraisals, Inc. are also trained enough to identify that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically examine appraisal reports completed by others. And those others could be reviewing our work, too!
You can trust Saxton Appraisals, Inc. for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Saxton Appraisals, Inc. for more information regarding our qualifications, expertise and service offerings.